Stay informed with the latest news and expert opinions from South Africa’s leading news agencies. Debt Rescue’s CEO Neil Roets and Debt Rescue’s COO, Annaline van der Poel, shares economic insights, explains how debt review can help over-indebted consumers, and valuable financial advice. From expert interviews to breaking news, this page brings you honest discussions about money, debt counselling, and actionable tips to help you take control of your debt.
The imminent implementation of e-tolling is going to have a greater than expected effect on deeply indebted consumers and is going to force many middle class South Africans back into poverty, according to Neil Roets, CEO of Debt Rescue. Low income groups are bearing the brunt of the slowdown in the economy and with more
Johannesburg – More than a million South Africans whose names are listed by credit bureaux, but have settled their debt will no longer be blacklisted as part of the government’s new credit amnesty reprieve. The credit amnesty, known as the removal of adverse credit project, will see about 1.6 million consumers taken off the credit
The projected decrease in the price of petrol of between 19 and 25 cents a litre predicted by economist Dawie Roodt should not serve as an incentive for consumers to go out and spend money they don’t have. Roodt said depending on the price of crude oil and the Rand US Dollar exchange rate, the
Cape Town – The projected decrease in the price of petrol of between 19 and 25 cents a litre predicted by economist Dawie Roodt should not serve as an incentive for consumers to go out and spend money they don’t have. Roodt said depending on the price of crude oil and the Rand US Dollar
Johannesburg – The agreement by cabinet to implement a credit amnesty brings South Africa one step closer to a major crisis in the credit industry, according to Neil Roets, CEO of national debt counselling firm, Debt Rescue. The credit amnesty will see credit bureaus removing adverse credit information, especially on consumers who have paid their
Die kabinet se goedkeuring van ’n kredietinligtingsamnestie verlede week kan verbruikers wat reeds skuldprobleme het, net verder in die skuld dompel. Neil Roets, uitvoerende hoof van die skuldberadingsfirma Debt Rescue, sê die amnestie sal kredietburo’s boonop eintlik impotent maak. Hulle sal nie meer die kredietgeskiedenis mag hou van mense wat nie hul skuld betaal het
Cape Town – While motorists are paying the highest price yet for a litre of petrol, an economist warns that further hikes can be expected. Economist Chris Hart said consumers should brace for another increase owing to the high price oil. “International oil prices have been relatively strong at the beginning of this month and
Women are better at managing their credit than men and seek help from debt counsellors sooner than their male counterparts. These were the findings of an internal survey done by one of the largest debt counselling firms in South Africa. Neil Roets, CEO of Debt Rescue, said their findings were in line with those of
Cape Town – Women are better at managing their credit than men and seek help from debt counsellors sooner than their male counterparts, according to Neil Roets, CEO of Debt Rescue. This finding is in line with those of a survey conducted by the Credit Bureau Association (CBA), which found that women were significantly better
Cape Town – The probe into the alleged fraudulent issuing of garnishee orders is merely the tip of the iceberg of a nation-wide problem, according to Neil Roets, CEO of Debt Rescue. Recently four employees at the Palm Ridge Magistrate’s Court in Alberton were investigated in this regard. With some 20 million credit-active consumers collectively
